Firm?

The name, title, or style, under which a company transacts business; a partnership of two or more persons; a commercial house; as, the firm of Hope & Co.

A firm means a

                      (A)business                   

(An entity which is engaged in profit activity)

                      (B)sole proprietorship,   

 (A business structure in which an individual and his business structure is considered as a single entity)

                      (C)partnership                   

(Business structure in which multiple individuals  called                                                                         partners manage business and are equally liable for  any                                                                                 business liability and have equally right in business  profit intheir agreed ratio)

                      (D)corporation

(Status of corporartion is formed by incorporating your business firm and it gives a seperate legal status to your firm and protect owners to be personally liable for firm liability.)

Originally posted by : deepak
	The name, title, or style, under which a company transacts business; a partnership of two or more persons; a commercial house; as, the firm of Hope & Co.

agree....

Regards

Gourav

if u are a CA passionate, this is for you...CA PASSION

So a firm doesnt necessarly mean a partnership firm ?? eh?

yes,Firm does not mean only Partnership Firm,,